CWA Asset Management Group LLC Buys 1,361 Shares of Intuitive Surgical, Inc. (ISRG)
CWA Asset Management Group LLC boosted its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 380.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,719 shares of the medical equipment provider’s stock after acquiring an additional 1,361 shares during the period. CWA Asset Management Group LLC’s holdings in Intuitive Surgical were worth $627,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Lincoln National Corp bought a new position in Intuitive Surgical during the 3rd quarter worth $200,000. MUFG Americas Holdings Corp bought a new position in Intuitive Surgical during the 3rd quarter worth $208,000. Capital Investment Counsel Inc bought a new position in Intuitive Surgical during the 3rd quarter worth $209,000. Coldstream Capital Management Inc. bought a new position in Intuitive Surgical during the 3rd quarter worth $214,000. Finally, Synovus Financial Corp bought a new position in Intuitive Surgical during the 3rd quarter worth $242,000. Hedge funds and other institutional investors own 87.57% of the company’s stock.
A number of equities analysts have commented on the company. ValuEngine lowered Intuitive Surgical from a “hold” rating to a “sell” rating in a research note on Thursday. Barclays reaffirmed an “overweight” rating and issued a $465.00 target price on shares of Intuitive Surgical in a report on Thursday, January 11th. Vetr downgraded Intuitive Surgical from a “buy” rating to a “hold” rating and set a $447.93 target price on the stock. in a report on Tuesday, February 27th. Piper Jaffray Companies reaffirmed a “hold” rating on shares of Intuitive Surgical in a report on Friday, January 26th. Finally, BidaskClub raised Intuitive Surgical from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Intuitive Surgical presently has an average rating of “Buy” and an average price target of $408.76.
Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data on Thursday, January 25th. The medical equipment provider reported $2.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.27 by $0.27. Intuitive Surgical had a return on equity of 19.93% and a net margin of 21.09%. The company had revenue of $892.40 million for the quarter, compared to the consensus estimate of $866.54 million. During the same quarter last year, the business posted $2.03 EPS. Intuitive Surgical’s revenue for the quarter was up 17.9% on a year-over-year basis. equities research analysts anticipate that Intuitive Surgical, Inc. will post 7.85 earnings per share for the current year.
In related news, EVP Curet Myriam sold 262 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $431.50, for a total transaction of $113,053.00. Following the sale, the executive vice president now owns 2,152 shares of the company’s stock, valued at approximately $928,588. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gary S. Guthart sold 28,525 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $414.50, for a total value of $11,823,612.50. Following the sale, the chief executive officer now directly owns 311,469 shares in the company, valued at approximately $129,103,900.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 101,770 shares of company stock worth $42,990,826. 2.20% of the stock is currently owned by company insiders.
About Intuitive Surgical
Intuitive Surgical, Inc (Intuitive) designs, manufactures and markets da Vinci Surgical Systems, and related instruments and accessories. The Company’s da Vinci Surgical System consists of a surgeon’s console, a patient-side cart and a vision system. The da Vinci Surgical System translates a surgeon’s hand movements, which are performed on instrument controls at a console, into corresponding micro-movements of instruments positioned inside the patient through small incisions or ports.
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